MSTR, ASST Stocks Slide With Bitcoin: Strategy Proposes Daily Dividends, Matt Cole Challenges MSCI Rules

• Saylor said the proposed changes are designed to support "price stability, liquidity, and demand" for Strategy's preferred securities.

• Meanwhile, Strive CEO Matt Cole pushed back on the MSCI framework, stating that Bitcoin-based structured finance involves active management of capital, liquidity and risk rather than passive asset ownership.

• Strategy has previously challenged MSCI's proposed treatment of companies with large amounts of "non-operating" assets, arguing that its Bitcoin business should qualify as an operating activity.

Bitcoin (BTC) treasury stocks Strategy (MSTR) and Strive (ASST) slid in midday trading Friday, tracking Bitcoin lower, even as Strategy Chairman Michael Saylor pushed for daily dividends on the company's preferred securities and Strive CEO Matt Cole challenged MSCI's classification framework for Bitcoin treasury companies.

Bitcoin's price edged 0.4% lower in the last 24 hours to around $83,400, while major altcoins rallied with Ripple's XRP (XRP) leading gains among the top 10 cryptocurrencies by market capitalization.

See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox

MSTR stock fell nearly 2% in midday trade, while ASST stock edged 0.5% lower. On Stocktwits, both saw retail sentiment slipping to 'neutral' from 'bullish' territory over the past day.